We are seeking a detail-oriented and analytical Revenue Accountant to join our Accounting & Finance department. The successful candidate will be responsible for managing and reporting on both incoming and outgoing cash flow.
Client Details
Our client is a well-established, large organisation in the Not For Profit industry. They are deeply committed to their mission and aim to make a tangible impact in the community they serve.
Description
- Maintain a robust schedule of all projects, and their income recognition criteria, posting appropriate income journals monthly to correctly recognise income, and reconcile deferred and accrued income balances.
- Ensure that all newly won work transitions into regular monthly accounting and billing schedules.
- Manage membership billing, reporting, records and liaise closely with teams responsible for driving this income.
- Provide regular reports to the finance team on income, outstanding balances, ageing reports, accrued and deferred income and cash flow forecasts.
- Identify and suggest improvements to revenue and receivables processes and systems to enhance efficiency and accuracy.
- Generate, review, and issue customer invoices, ensuring accuracy and compliance with contractual agreements.
- Accurately process incoming payments by recording transactions and reconciling with invoices.
- Manage collection processes by following up on overdue invoices, resolving disputes, and working with customers to ensure timely payment.
- Perform regular reconciliations of accounts receivable ledgers, investigating discrepancies and ensuring accurate records.
- Maintain strong communication with clients regarding payment terms, balances, and any payment issues or disputes.
- Assist with internal and external audits by providing relevant documentation and account reconciliations.
- Ensure all accounts receivable activities comply with legal requirements, company policies, and industry standards.
- Work closely with delivery and business winning teams to resolve payment issues and maintain a smooth billing cycle.
Profile
- Qualification within Accounting, ideally ACA
- At least 5 years of experience in project accounting, income recognition with hands on revenue recognition experience, preferably in a mid to large-sized company.
- Strong knowledge of accounting principles and best practice accounts receivable processes.
- Experience with accounting software essential, experience with Workday an advantage.
- Proficient in Microsoft Office, especially Excel.
Job Offer
- £300 - 400pd depending on experience inside IR35
- Hybrid working - 2 days in the office in Central London
- 6 month contract
